Title: A study of multi-dimension business climate index approach and its application

Authors: Guihuan Zheng, Jiawei Zhang, Ai Han, Shouyang Wang

Addresses: Academy of Mathematics and Systems Science, Chinese Academy of Sciences, No. 55 Zhongguancun EastRoad, Beijing 100190, China. ' Academy of Mathematics and Systems Science, Chinese Academy of Sciences, No. 55 Zhongguancun EastRoad, Beijing 100190, China. ' Academy of Mathematics and Systems Science, Chinese Academy of Sciences, No. 55 Zhongguancun EastRoad, Beijing 100190, China. ' Academy of Mathematics and Systems Science, Chinese Academy of Sciences, No. 55 Zhongguancun EastRoad, Beijing 100190, China

Abstract: This paper proposes a multi-dimension business climate index, which is constructed theoretically grounded on the FHLR method and involves the vector space approach and probability analysis of multi-dimension impact point for analysing the business climate index from the multi-dimension. The proposed index improves the celebrated leading indicator in that it considers the presence of multi-reference cycles due to the economic complexity. An empirical study based on the proposed index concerning Chinese multi-dimension business climate index provides valid results.

Keywords: business climate index; multi-dimension index; multi-dimension analysis; China; economic indicators; FHLR.

DOI: 10.1504/IJSSS.2010.031466

International Journal of Society Systems Science, 2010 Vol.2 No.1, pp.52 - 62

Published online: 05 Feb 2010 *

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